178 Fyans StreetSouth Geelong VIC 3220
Property Details for 178 Fyans St, South Geelong
Last Listing description (June 2021)
Savills and Blount Osborne Walsh are delighted to offer for sale this blue-chip investment, leased to VicRoads at 178-180 Fyans Street, Geelong South.
This property provides an exceptional opportunity for the astute investor as well as offering significant development upside with an enormous corner landholding.
Key attributes of this outstanding investment include:
- The Geelong VicRoads customer service centre
- Substantial corner landholding of 11,940sq m*
- New 5 year lease to VicRoads (plus options), plus additional income from adjoining car yard
- Current Net Income: $424,400 per annum*
- Ideally situated in Geelong's thriving, large format retail and commercial precinct
- Close proximity to central Geelong, which comprises a bustling retail and lifestyle precinct including Westfield Geelong shopping centre, Deakin University and Kardinia Park/Simonds Stadium
- Geelong is Victoria's second largest city, and one of the fastest growing regions in Victoria with the population of Geelong expected to grow by 36.51% by 2036
- An outstanding investment opportunity with a blue-chip tenant, and significant future development upside!
For more information, please contact our agents:
Savills
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
Blount Osborne Walsh
Cameron Elliott - 0412 714 506
Matt Walsh - 0411 880 054
Property History for 178 Fyans St, South Geelong, VIC 3220
- 12 Apr 2017Listed for Sale EXPRESSIONS OF INTEREST
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0About South Geelong 3220
The size of South Geelong is approximately 2.5 square kilometres. It has 7 parks covering nearly 16.4% of total area. The population of South Geelong in 2011 was 907 people. By 2016 the population was 986 showing a population growth of 8.7% in the area during that time. The predominant age group in South Geelong is 20-29 years. Households in South Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Geelong work in a professional occupation. In 2011, 62.3% of the homes in South Geelong were owner-occupied compared with 59.2% in 2016.
South Geelong has 1,199 properties. Over the last 5 years, Houses in South Geelong have seen a 29.27% increase in median value, while Units have seen a 12.49% increase. As at 31 October 2024:
- The median value for Houses in South Geelong is $807,127 while the median value for Units is $511,231.
- Houses have a median rent of $520 while Units have a median rent of $450.
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